I also factually assert that the US $18 trillion debt, and the so-called “developed” and “leading” nations have total central government debt pushing $50 trillion ($50,000,000,000,000; the linked graphic updated with 2015 data). This accelerating debt is directly connected to these “former” colonial nations creating what is used for money as debt through bank oligarchies. These mechanics are like adding negative numbers forever; causing ever-increasing and unpayable aggregate debt.

Maybe that kind of “leadership” is expressed by three former US Treasury Secretaries interviewed by Sheryl Sandberg, a former Chief of Staff for a fourth former US Treasury Secretary in this one-minute exchange with grandiose laughter about their euphemism for poverty, “income inequality”:

Please understand that I represent likely hundreds of thousands of professionals making factual claims with objective evidence anyone with a high school-level of education can verify.

The Emperor’s New Clothes obvious pathway out of these mechanics of our “debt system” (yes, the Orwellian inversion of a monetary system) is to start creating debt-free money (a positive number) for the direct payment of public goods and services. I have three academic papers to walk any reader through these facts; an assignment for high school economics students, one for Advanced Placement Macroeconomics students, and a paper for the Claremont Colleges’ recent academic conference:

Carl Herman is a National Board Certified Teacher of US Government, Economics, and History; also credentialed in Mathematics. He worked with both US political parties over 18 years and two UN Summits with the citizen’s lobby, RESULTS, for US domestic and foreign policy to end poverty. He can be reached at Carl_Herman@post.harvard.edu

Note:Examiner.com has blocked public access to my articles on their site (and from other whistleblowers), so some links in my previous work are blocked. If you’d like to search for those articles other sites may have republished, use words from the article title within the blocked link. Or, go tohttp://archive.org/web/, paste the expired link into the box, click “Browse history,” then click onto the screenshots of that page for each time it was screen-shot and uploaded to webarchive. I’ll update as “hobby time” allows; including my earliest work from 2009 to 2011 (blocked author pages: here, here).

The only thing that is worrisome about all this talk of returning to sovereign money, is that it may just end up being used against sovereign debt, and not directed to building real public goods and services.

I switched my mind on taxes. I’m more of a “liberal” in that I’m for health care for all, education for all, etc…

BUT…I think I realized half the tax pie is the Pentagon and half the social things I’m for. And I think if we stopped taxes, a by-product is workers control their money instead of getting it JACKED from their wallet-paycheck, Americans would work out the social programs with their own money and give ZERO to the Pentagon. Who would donate voluntarily their money to which of these things: the Pentagon or Social (health care, education, etc…).

The net result is: the 99% would voluntarily upkeep the Social programs, and the 1% would be the only ones donating to the Pentagon, thus exposing that the Pentagon works for the 1% (FOREIGN and domestic, btw…Social is only Americans).

But as it is, they purposely JACK our pay via taxes and give HALF to the Pentagon. Then when we need “AUSTERITY”, they always cut the Social half and don’t touch the Pentagon half.

Buddy

No ,no!! I watched the videos and they all have high ideals and have obvious answered on how to fix
the current monetary system. It isn’t that it can’t be done , it won’t be done until the people have real justice and enforcement to make sure it is done. No more talk!!! Those on the take ,those who make billions of
Illegal gains on the backs of the people are not going to give up what they have been taking all along.
The criminals in government and the cartel of fascist,mafia corporate elitist must be routed out .
Why do you think Russia and China are setting up a new system?? Because they want no part of the corrupt Western Rothchild/ Rockerfella system. This includes the head corruption of the Imf, F.R. And the BIS . Let’s get real and call this what it is!!!

Carl_Herman

I agree, Buddy. You missed this sentence, and a major theme of my writing as a leading advocate of arrests: “Importantly, please confirm that what we receive for economic leadership is literal criminal fraud:”

diogenes

Thank you Carl Herman. This is right on the money, so to speak.

Buddy

Ok then Carl, let’s hope the arrest begin soon and are not covered up and force main stream media to do their job and report on it. Tell oreilly and hannity to get off their backsides and report the truth. Tell Anderson to go back and work the back country for the CIA .

Frediones

America and the rest of the world is FUC”!””!”.

ejhr

Just remember, the “national debt” i.e., the sum total of all treasury securities held in the Federal Reserve bank, that $18 Trillion, is actually a sign of WEALTH. The money tied up in this debt is the savings of all the banks and investors who have bought the government’s bonds. The Treasury stashes them in interest earning savings accounts at the fed. The FED DOES NOT SPEND THIS MONEY. The government never needs to borrow or save its own money. It simply pays its way every day buying what it needs and plans. When the bonds mature they are simply re-credited back to the investors via their cheque accounts at the Fed. Problem solved, debt repaid. Simple!

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